WS #11259
June nonfarm payrolls added only 57,000 jobs, well below consensus, with labor force participation falling to 61.5%, the lowest in 50 years outside COVID, delaying Fed rate hike expectations and boosting gold and rate-sensitive stocks.
Weak US Jobs Report Delays Rate Hikes
June nonfarm payrolls added only 57,000 jobs, well below consensus, with labor force participation falling to 61.5%, the lowest in 50 years outside COVID, delaying Fed rate hike expectations and boosting gold and rate-sensitive stocks.